Market Overview

India - New Engine of Global Construction

India is on the cusp of becoming one of the world's major economic powers. Already enjoying huge GDP, solid growth and a rising population, the conditions are right for the country to forge a path to global success in the 21st century.

There are five key areas of India’s economy that are driving this incredible economic growth. These sources of growth are:

Infrastructure developments: The government has pledged to invest $1 trillion in this sector between 2012 -2017.

Interest Rates: rates are being held at 6.75% to keep growth stable.

‘Make in India’: Modi’s programme encourages FDI in manufacturing.

Indirect Tax Reform: aims to improve taxation revenues.

Internet: The growing number of mid-high income families will increase the populations’ internet access, providing new methods of consumption and leading to an increase in infrastructure improvements to develop distribution networks

Drivers of growth:

The Indian construction sector will grow up to 8.1% every year for the next decade

$650 billion investment in urban infrastructure in the next 20 years

Indian Ministry of Roads and Transport outlined plans for $120 billion worth of road-widening projects

100 Smart Cities and 500 AMRUT Cities will invite investment of 2 Trillion Rupees in the next five years

A lucrative market:

India is the 2nd fastest growing major economy in the world.

The economy of India is the 3rd largest in the world as measured by purchasing power parity (PPP), with a GDP of US $5.07 trillion (PPP as in 2013).

Over the past decade in India, Pre-engineered Buildings has significantly emerged as the best solution in industrial, commercial, institutional and infrastructure sectors. Today, the PEB market is experiencing dynamic growth of 20-25% in India.

With a booming domestic / international tourist traffic in India, the growing demand for hotel rooms has led to the announcement of many hotel / resort projects not only in metro cities but also II tier and III tier cities.

A booming economy and the ever-growing middle class has changed the way Indians spend. Malls, Multiplexes and Hypermarkets are mushrooming all over the country to cater to this trend in Indian lifestyle.